Page 36 - Misc Ebook IC 78

The Insurance Times

'In Transit', 'Forgery or Alteration', 'Dishonesty', or
'Hypothecated Goods' , the insured has to bear 25%
of each loss or 2% of the basic sum insured
whichever is higher, but not exceeding Rs 50,000.

The excess will not apply to loss or damage arising
out of Fire, Riot, Strikes, Burglary and House
Breaking. If the claim is under 'registered Postal
Sendings', 'Appraisers', or 'Janata Agents', the
insured has to bear 25% of each claim.

(ii) Reinstatement - The Banker's Indemnity
Insurance policy contains a provision for an
automatic reinstatement of the sum insured on
payment of a loss, and the insured has to pay a pro-
rata additional premium for the said reinstatement.

The reinstatement can, however, be effected for a
total amount not exceeding the original sum insured,
under the policy, that is the liability of the insurers
will be limited to twice the respective sum insured
in any one period of insurance and to the respective

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